LME Will Implement Reforms
Suggested by U.K. Regulator

a Wall Street Journal Staff Reporter

Updated Jan. 17, 1997 12:01 a.m. ET

LONDON --- The London Metal Exchange said Thursday it would implement the recommendations made by Britain's top financial regulator in the wake of the $2.6 billion loss sustained by the Sumitomo Corp. in allegedly unauthorized copper trading.

Spokesmen for the LME said the reforms, which include technological and staffing upgrades, will take place through 1997 and the early part of 1998.